Articles Posted inFINRA Disciplinary Actions

Alex Gerardo Herrera (CRD #3204779) is a former registered broker and investment representative whose last employer was UBS Financial Services Inc. (CRD #8174) of Coral Gables, FL. His previous employers include HSBC Securities (USA) INC. (CRD #19585), also of Coral Gables, Atlas One Financial Group, LLC (CRD #124057) of Miami, FL, and Citicorp Investment Services (CRD #23988) of Long Island City, NY. No current employment information is available. He has been in the industry since 1999.

Herrera is the subject of three disclosures, with the most recent filed on 8/08/2018, a FINRA disciplinary action and Acceptance, Waiver & Consent (AWC) form in relation to his employment with UBS Financial Services. The investigation was focused on his voluntary termination “while under review after advising management he had engaged in financial and real estate relationships with longstanding clients without prior approval.” FINRA requested information from Herrera in letters dated May 17, 2018 and June 6, 2018 in relation to the allegations.

Through his legal counsel, Herrera indicated to FINRA that he declined to provide the requested information to them. On 7/23/2018, without admitting or denying the findings, Herrera signed the AWC letter, accepting sanctions. In the letter, FINRA indefinitely barred Herrera in all capacities.

Douglas Leone (CRD #2453784) has been employed with Salomon Whitney Financial since March 2013. Previous employment includes Newport Coast Securities, Inc. from October 2008 to March 2013 and Basic Investors Inc. from August 2005 to October 2008.

Leone was barred from association with any FINRA member in all capacities. The sanctions were based on findings that Leone failed to attend an on-the-record interview during an investigation by FINRA. The findings stated that FINRA opened an investigation into Leone’s potential unsuitable recommendations and excessive trading in customer accounts. FINRA twice requested that Leone appear at an on-the-record interview to provide testimony.

John Galinsky (CRD #1513926) has been employed with First Dominion Capital since November 2017. Previous employment includes National Securities Corporation from January 2012 to November 2017, Fintegra LLC from January 2010 to December 2011 and Advanced Equities from November 1999 to October 2009.

Galinsky was fined $7,500 and suspended from association with any FINRA member in all capacities for 10 business days. Without admitting or denying the findings, Galinsky consented to the sanctions and to the entry of findings that he sent emails to prospective and current investors that were not fair and balanced and did not provide a sound basis for evaluating the facts regarding a company involved in a private securities offering or the offering itself. The findings stated that on two occasions, Galinsky forwarded an email to a customer, which removed references to a patent infringement lawsuit that had recently been filed against the company involved in the offering. By doing so, Galinsky caused his email to be misleading, in that it appeared to forward the entire email that he had received when, in fact, it did not.

Denise DeBlasio (CRD #1051236) has been employed with National Securities Corp since December 2014. Previous employment includes J.P. Turner & Company, LLC from November 2008 to December 2014 and First Montauk Securities Corp. from February 1990 to November 2008.

DeBlasio was assessed a deferred fine of $10,000 and suspended from association any FINRA member in all capacities for four months. Without admitting or denying the findings, DeBlasio consented to the sanctions and to the entry of findings that she did not disclose to her member firm her fiduciary appointments for its customer, which occurred prior to her association with the firm, and provided inaccurate and misleading answers in response to inquiries from the firm regarding these appointments. The findings stated that DeBlasio was appointed as the power of attorney, health care representative, executor and beneficiary for the customer and she was the registered representative assigned to the customer’s account. The firm’s WSPs prohibited its registered representatives from acting in a fiduciary capacity for any customer, other than a relative, and explained that acting in a fiduciary capacity for a customer other than an immediate family member, such as a parent, spouse or child, may create insurmountable conflicts of interest. Prior to associating with the firm, DeBlasio completed an application for association. Although the application for association required DeBlasio to identify, among other things, whether she was named as trustee or executor for any account on which she would be the registered representative of record, she did not disclose the appointments.

The suspension was in effect from May 7, 2018, through September 6, 2018.

According to FINRA Disciplinary actions for December 2018, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME

FORMER EMPLOYERS

Barrick, Tabor

FBL Marketing Services, LLC

Allstate Financial Services, LLC

Conklin, Jeffrey

The Huntington Investment Company

American General

Cottone, Anthony

Landolt Securities, Inc

Financial West Group

Crocker, Sierra

Voya Financial Partners, LLC

Suntrust Bank

Fidelman, Peter

Bradley Woods & Co LTD

Griffin Securities, Inc

Gaston, Frantz

State Farm VP Management Corp

Frantz Gaston Jr Insurance Agency

Guillory, Michael

Financial West Group

The Shemano Group

Harris, Donna

Vanguard Marketing Corp

Hartigan, John

Entrustpermal Securities LLC

Calyon Financial Inc

Henty, Omar

Cetera Advisors LLC

JP Morgan Securities

King, Erin

Wells Fargo Clearing Services

Lossing, Christopher

LPL Financial LLC

Edward Jones

McNeil, Randolph

Buckman, Buckman & Reid, Inc

Garden State Securities, Inc

Manichino, Richard

Next Financial Group, Inc

Wunderlich Securities, Inc

Nicholl, Timothy

Olson, Eric

NYLIFE Securities LLC

Wells Fargo

Perez, Paul

Investacorp, Inc

Fintegra, LLC

Simon, Justin

NYLIfe Securities LLC

Country Capital Mgmt Company

Strawn, Brandon

Sullivan, Daniel

Wunderlich Securities, Inc

Chapdelaine & Co

Tinsley, Sean

Park Avenue Securities LLC

AXA Advisors, LLC

Vallencourt, Peter

Fidelity Brokerage Services LLC

Wilson, Vance

Wells Fargo Clearing Services, LLC

Fidelity Brokerage Services LLC

Witt, Robert

Voya Financial Advisors, Inc

ING Financial Partners, Inc

Wood, Daniel

LPL Financial LLC

Morgan Stanley Smith Barney

Wright, Bryan

Pruco Securities, LLC

The Prudential Insurance Company of America

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

According to FINRA Disciplinary actions for December 2018, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME

FORMER EMPLOYERS

Adamo, Gregory

Allstate Financial Services, LLC

National Securities Corp

Drill, John

Northwestern Mutual Investment Services, LLC

Robert Baird & Co. Inc

Flores, Daniel

Woodbury Financial Services, Inc

Princor Financial Services Corp

Giraldo, Jose

Merrill Lynch, Pierce, Fenner & Smith Inc

David Lerner Assoc, Inc

Heitz, Donald

LPL Financial LLC

First Command Financial Planning, Inc

Jenkins, Elisabeth

LPL Financial LLC

ESL Investment Services, LLC

Krize, Joshua

Wells Fargo Clearing Services, LLC

Country Capital Management Co

Lanaia, Francine

Windsor Street Capital, LP

Alexander Capital, LP

Moore, Daniel

Palmer, David

LPL Financial LLC

Woodbury Financial Services, Inc

Pheth, Somning

Wells Fargo Clearing Services

Sachse, Mark

Ameriprise Financial Services, Inc

Robert W. Baird & Co, Inc

Schreiner, Phillip

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith, Inc

Sterr, Margaret

M Holdings Securities, Inc

Catalyst Solutions Group

Suhar, Charles

The Huntington Investment Company

LPL Financial LLC

Swords, Zachary

Farmers Financial Solutions, LLC

Valenzuela, Francisco

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith, Inc

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

According to FINRA Disciplinary actions for December 2018, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:

NAME

FORMER EMPLOYERS

Albin, William

Waddell & Reed

Metlife Securities Inc

Allen, David

Avenir Financial Group

Gunnallen Financial, Inc

Boupon, Kean

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith Inc

Chang, Jonathan

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith Inc

Clements, Michael

Intercoastal Capital Markets, Inc

Avenir Financial Group

Johnson, Jeffrey

Morgan Stanely

Raymond James & Associates

Fagenson, David

UBS Financial Services Inc

Merrill Lynch, Pierce, Fenner & Smith Inc

Kelly, James

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith Inc

Martino, Andrew

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith Inc

Miller, Frederick

Investshares

Ameriprise Financial Services, Inc

Rodriquez, Cesar

Avenir Financial Group

American Trust Investments Services Inc

Roth, Brian

Aeon Capital Inc

The Benchmark Company, LLC

Sarria, Jorge

Morgan Stanley

Merrill Lynch, Pierce, Fenner & Smith Inc

Weinstein, Gregg

Entrustpermal Securities LLC

Cantor Fitzgerald & Co

Yassin, Mohamed

National Securities Corporation

Morgan Stanley

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

Our attorneys currently represent customers of Jon Pariser against Independent Financial Group for losses related to First Nationle Solution. Jon Richard Pariser (CRD #2755015) is a former registered broker whose last employer was Independent Financial Group, LLC (CRD #7717) of Pacific Grove, CA. His previous employers include SWS Financial Services, INC. (CRD #17587) and LPL Financial LLC (CRD #6413), also of Pacific Grove, CA. No current employment information is available. He has been in the industry since 1996.

Pariser is barred in all capacities after he failed to provide requested information to FINRA for an investigation. The documentation relates to allegations that he referred some of his customers to an individual who was not a registered FINRA broker. This unregistered individual and may have recommended to or actually sold these customers “potentially unsuitable” securities. Pariser violated FINRA Rules 8210 and 2010 by refusing to provide this requested documentation, which led to him being barred. He signed an Acceptance, Waiver & Consent (AWC) letter consenting to the sanctions, and he is barred effective 10/04/2018.

His next disclosure is an employment separation from SWS Financial Services on 6/20/2014, which is connected by a closed customer dispute filed four days earlier, involving “unauthorized discretion.” The allegations state that “during the course of normal e-mail correspondence review, firm supervisors discovered an e-mail message from the customer containing language indicating that the representative may have engaged in unauthorized discretionary trading.”

According to FINRA Disciplinary actions for November 2018, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules:

NAME

FORMER EMPLOYERS

Christopher Cervino

Primary Capital, LLC

COR Clearing LLC

Abdul Chowdhury

AXA Advisors, LLC

JP Morgan Securities LLC

Michael Durgin

Hilltop Securities Inc.

First Southwest

Michael Giokas

Fortune Financial Services, Inc

Comprehensive Asset Management and Servicing

Travis Marks

Wells Fargo Advisors, LLC

JP Morgan Securities LLC

Richard Minichino

Next Financial Group, Inc

Wunderlich Securities, Inc

Thomas Park

Merrill Lynch, Pierce, Fenner & Smith Inc

Wells Fargo Clearing Services, LLC

Brian Roth

The Benchmark Company, LLC

Intl Assets Advisory, LLC

Whitney Stewart

Morgan Stanley

Edge Capital Group, LLC

James Taylor

First Empire Securities, Inc

Morgan Stanley

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Our lawyers have extensive experience collecting FINRA arbitration awards, prevailing on Motions to Vacate FINRA arbitration awards and using various collection efforts to enforce FINRA awards after they are received.

According to FINRA Disciplinary actions for November 2018, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules:

NAME

FORMER EMPLOYERS

Denise Canez

James Flynn

IFS Securities

Voya Financial Advisors, Inc

Glenn Grosek

Citizens Securities, Inc

Pruco Securities, LLC

Phillip Johnson

D.H. Hill Securities, LLP

Suntrust Investment Services, Inc

Lloyd Johnston

Capital Financial Services, Inc

BP&J / LLC

Robin Lomont

Bradley Pace

LPL Financial LLC

A.J. Pace & Co, Inc

Damian Serret

PFS Investments Inc

James Ward

Northwestern Mutual Investment Services, LLC

Stephen Yaworsky

Raymond James Financial Services, Inc

Bancwest Investment Services, Inc.

FINRA makes this information available, in part, to inform investors about potential red flags or problems with certain stockbrokers. If you invested with anyone in this report and have questions about your legal rights, our attorneys will talk with you at no cost to explain your legal rights and about how we can help recover your investment losses through securities arbitration or litigation.

Silver Law Group represents investors in securities and investment fraud cases through FINRA arbitration or court. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide in securities arbitration to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.